Falcon

The market soars again, spitting distance from the 200 day moving average, as it reaches the underside of the rising line from the December spike low and another layer of potential declining resistance.

Without a doubt an impressive achievement as we move into another projection for a high with breadth and momentum still indicating strength.

Chart of S&P 500 for 06 February 2019

Be prepared for whatever is coming next, and trade with confidence:

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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